0001628280-21-014799.txt : 20210728 0001628280-21-014799.hdr.sgml : 20210728 20210728215240 ACCESSION NUMBER: 0001628280-21-014799 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210726 FILED AS OF DATE: 20210728 DATE AS OF CHANGE: 20210728 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Colletti Frank CENTRAL INDEX KEY: 0001856752 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40297 FILM NUMBER: 211124588 MAIL ADDRESS: STREET 1: 5804 RED CASTLE RIDGE CITY: MANOTICK STATE: Z4 ZIP: K4M 0A4 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: N-able, Inc. CENTRAL INDEX KEY: 0001834488 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 854069861 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1209 ORANGE STREET CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 5126829300 MAIL ADDRESS: STREET 1: 1209 ORANGE STREET CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: N-able, LLC DATE OF NAME CHANGE: 20210323 FORMER COMPANY: FORMER CONFORMED NAME: SWI Spinco, LLC DATE OF NAME CHANGE: 20201202 4 1 wf-form4_162752353928528.xml FORM 4 X0306 4 2021-07-26 0 0001834488 N-able, Inc. NABL 0001856752 Colletti Frank 301 EDGEWATER DR., SUITE 306 WAKEFIELD MA 01880 0 1 0 0 Exec VP, Worldwide Sales Common Stock, par value $0.001 per share 2021-07-26 4 A 0 75706 0 A 188645 D Stock Option 0.56 2021-07-26 4 J 0 1447 A 2031-04-13 Common Stock 1447.0 1447 D Stock Option 1.6 2021-07-26 4 J 0 6581 A 2028-03-20 Common Stock 6581.0 6581 D Stock Option 0.43 2021-07-26 4 J 0 658 A 2021-07-26 2027-06-08 Common Stock 658.0 658 D Stock Option 0.56 2021-07-26 4 J 0 1447 A 2021-07-26 2027-09-26 Common Stock 1447.0 1447 D Stock Option 0.43 2021-07-26 4 J 0 329 A 2021-07-26 2028-03-20 Common Stock 329.0 329 D Stock Option 0.56 2021-07-26 4 J 0 723 A 2021-07-26 2028-03-20 Common Stock 723.0 723 D Stock Option 0.43 2021-07-26 4 J 0 329 A 2021-07-26 2028-03-20 Common Stock 329.0 329 D Stock Option 0.56 2021-07-26 4 J 0 723 A 2021-07-26 2028-03-20 Common Stock 723.0 723 D Stock Option 0.43 2021-07-26 4 J 0 460 A 2021-07-26 2028-03-20 Common Stock 460.0 460 D Stock Option 0.56 2021-07-26 4 J 0 1013 A 2021-07-26 2028-03-20 Common Stock 1013.0 1013 D Stock Option 0.43 2021-07-26 4 J 0 460 A 2021-07-26 2030-06-23 Common Stock 460.0 460 D Stock Option 0.56 2021-07-26 4 J 0 1013 A 2021-07-26 2030-06-23 Common Stock 1013.0 1013 D Stock Option 0.43 2021-07-26 4 J 0 197 A 2021-07-26 2030-06-23 Common Stock 197.0 197 D Stock Option 0.56 2021-07-26 4 J 0 434 A 2021-07-26 2030-06-23 Common Stock 434.0 434 D Stock Option 0.43 2021-07-26 4 J 0 197 A 2021-07-26 2030-06-23 Common Stock 197.0 197 D Stock Option 0.56 2021-07-26 4 J 0 434 A 2021-07-26 2030-06-23 Common Stock 434.0 434 D Stock Option 0.43 2021-07-26 4 J 0 2632 A 2021-07-26 2027-06-08 Common Stock 2632.0 2632 D Stock Option 0.56 2021-07-26 4 J 0 7239 A 2027-09-26 Common Stock 7239.0 7239 D Reflects restricted stock units ("RSUs") of SolarWinds Corporation ("SolarWinds") assumed by Issuer in connection with the spin-off of Issuer from SolarWinds completed on July 19, 2021 (the "Spin-Off") and converted into RSUs of Issuer, with the reporting person receiving a number of Issuer RSUs equal to the number of SolarWinds RSUs multiplied by 1.3162 (rounded down to the nearest whole number of shares). The RSUs vest as follows: (a) 6,550 vest on February 1, 2022, (b) with respect to 21,059 RSUs, 10,529 vest on October 23, 2021 and 10,530 vest on October 23, 2022, (c) with respect to 22,279 RSUs, 9.09% vest each quarter over the following eleven quarters on the vesting dates of May 15, August 15, November 15 and February 15, (d) with respect to 21,605 RSUs, 10,802 vest on February 15, 2022 and 10,803 vest on February 15, 2023 and (e) 4,213 vest on February 15, 2022, in each case subject to continued service through each applicable date. Represents stock option awards granted by SolarWinds that have been converted into equity awards (the "Conversion") of the Issuer in connection with the Spin-Off. These stock options vest on February 15, 2022. As a result of the Conversion, stock options of SolarWinds were converted into stock options to purchase a number of shares of the Issuer's common stock equal to the number of shares of SolarWinds common stock underlying the stock options multiplied by 1.3162 (rounded down to the nearest whole number of shares), at an exercise price equal to the exercise price of the stock options divided by 1.3162 (rounded up to the nearest whole cent). At the time of the Conversion, 4,936 of these stock options awards were fully vested and 1,645 of these stock options vest on March 20, 2022. At the time of the Conversion, these stock options were fully vested. At the time of the Conversion, 4,344 of these stock options awards were fully vested, 1,447 vest on September 26, 2021 and 1,448 vest on September 26, 2022. /s/ Peter Anastos Attorney-in-Fact for Frank Colletti 2021-07-28